Plan year 2020 flexible benefits guide british columbia

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PLAN YEAR 2020

Flexible Benefits Guide

A GUIDE TO BENEFITS FOR EXCLUDED EMPLOYEES IN THE BC PUBLIC

SERVICE

Introduction

3

Value of Your Benefits Program

3

Know Your Benefits. Know Your Options.

3

Program Overview

4

The Plans

4

Core Benefits

4

Optional Benefits

4

Your Choices

5

Your Costs & Flex Credits

5

Who's Eligible for Benefits?

6

Employees

6

Spouse

6

Dependent Children

7

Dependent Children Over 19

7

When Does Coverage Begin?

8

How to Enrol?

9

How to Enrol for the First Time?

9

Choosing Life Insurance Coverage

9

How to Update Your Coverage?

11

Open Enrolment

11

Eligible Life Event

11

How to Update Your Dependants?

11

Increasing Life Insurance Coverage

12

Effective Dates of Coverage

12

Choices at a Glance

13

Medical Services Plan

16

Impact to Extended Health Plan

16

MSP Updates Effective Jan 1, 2020

16

If You Have Questions

16

Extended Health Plan

17

Overview

17

Reimbursement

17

What is Covered by Your Extended

18

Health Plan?

Your Extended Health Plan Options

24

Details to Consider

24

Out-of-Province/Out-of-Country

25

Coverage

Optional Medical Travel Insurance

26

Travel Assistance

26

Dental Plan

27

Overview

27

What is Covered by Your Dental Plan?

27

Reimbursement

27

Basic Services

28

Major Services

29

Orthodontic Services

29

Your Dental Plan Options

30

Details to Consider

30

Life Insurance Plans

31

Overview

31

Details to Consider

31

Employee Basic Life Insurance

32

Optional Life Insurance Plans

34

Optional Accidental Death

35

& Dismemberment

Health Spending Account

38

How it Works

38

Details to Consider

39

Your Health Spending Account Options

39

How to Make a Claim

40

GroupNet

40

Pay Direct

40

Extended Health & Drugs

40

Dental

41

Life Insurance

41

Coordinated Benefits

41

Taxation

42

Work Status Changes

43

When Does Coverage End?

47

Extended Health & Dental Plans

47

Employee Life & AD&D Insurance

47

Coverage for Eligible Dependants

47

Converting to Individual Benefits Plans

48

Contact & Resources

49

Glossary

50

Introduction

Welcome to the Flexible Benefits Program for excluded employees. Competitive compensation and benefit programs are integral to attracting and retaining employees who foster excellence. Under your Flexible Benefits Program, you can tailor your health and life insurance benefits to best meet your needs. Rather than all employees having the same benefits coverage, eligible employees get to decide how to allocate flex credits that the BC Public Service provides to them for benefits coverage. You decide what suits you best.

Value of Your Benefits Program

Benefits are an important part of your total compensation package. There's no cost to you to participate in the funded extended health and dental plan options. The reimbursements you receive under the plans are paid for by the employer. In some years, this may be several thousands of dollars. The Employee Basic Group Life Insurance Plan provides employee life insurance at a reasonable group premium rate and a portion of your premium is paid by your employer. These are just some of the benefits that comprise your total compensation package. On average, your benefits add over 20% to your overall compensation.

Know Your Benefits. Know Your Options.

With choice comes responsibility. You must enrol in the Flexible Benefits Program to take an active role in choosing your benefits. Take the time to learn about your options and to decide how to best apply them to your personal situation.

You'll have the opportunity to update your options every year during the Open Enrolment period and after an eligible life event.

This guide provides a comprehensive overview of your benefits programs. Share the details with your family so you can make the most of your benefits program.

In the event of any conflict between the contents of this guide and the actual plans and contracts or regulations, the provisions outlined in those documents apply.

3

Program Overview

The Plans

A number of health and life insurance benefit plans make up the Flexible Benefits Program. They fall into the categories of Core and Optional plans. The difference between the two is that the employer provides funding towards coverage under each of the core benefit plans. You fund your participation in the optional benefit programs.

Core Benefits

? Extended Health Plan

? Dental Plan

? Employee Basic Life Insurance (mandatory)

Optional Benefits

? Health Spending Account

? Optional Family Funeral Benefit

? Employee Optional Life Insurance

? Spouse Optional Life Insurance

? Child Optional Life Insurance

? Employee Optional Accidental Death & Dismemberment Insurance

? Spouse Optional Accidental Death & Dismemberment Insurance

? Child Optional Accidental Death & Dismemberment Insurance

4

Program Overview

Your Choices

Employee Basic Life Insurance is mandatory. This means you must maintain a minimum level of coverage ? you can't waive coverage. You can waive coverage in any or all of the remaining plans. It's your choice.

All core plans offer multiple levels of coverage ranging from Coordination to Enhanced coverage. Each level of coverage is called an option and has a cost (or price) associated with it. Most optional plans also offer multiple levels of coverage that can be selected by the employee.

In a given plan, the higher the option, the greater the coverage and the more it costs. See the "Choices at a Glance" section.

Your Costs & Flex Credits

Funding dollars are called flex credits and each flex credit equals $1. Flex credits are before-tax dollars and are allocated as follows:

1. You receive $200 annual general flex credits that you can spend however you choose (e.g. higher dental coverage)

2. You receive the number of flex credits required towards your coverage for the Comprehensive Option for both Extended Health and Dental and the employer paid portion of your Employee Basic Life Insurance, regardless of your family status (employee only, employee plus one, employee plus two or more).

? Waive or Coordination Option: You'll receive additional flex credits to use elsewhere.

? Comprehensive Option: The cost is $0.

? Enhanced Option: You pay for the extra coverage using flex credits or by paying monthly premiums based on your family status.

Use the Calculator Tool to determine:

1. The total number of flex credits you receive

2. The cost of your benefits

3. The maximum number of flex credits you may allocate to your Health Spending Account (HSA)

You'll see a security warning telling you that the macros have been disabled. To enable the macros, click on the "Enable Content" button located below the menu. The security warning will disappear, and the worksheet will populate and be ready for you to use.

To explore your options, insert various scenarios into the worksheet. Your final balance can be determined by summing up all of the net prices. Any leftover flex credits will be paid out monthly as taxable cash. Should you have a balance owing; monthly deductions will be taken from your paycheque.

In your first year, your HSA allocation will be prorated over the number of months of coverage you have during that first (likely partial) year.

5

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